Caterpillar Inc. (NYSE:CAT) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its position in Caterpillar Inc. (NYSE:CAT) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 175,426 shares of the industrial products company’s stock after purchasing an additional 8,102 shares during the period. Federated Hermes Inc.’s holdings in Caterpillar were worth $51,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $30,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Caterpillar during the 4th quarter worth $30,000. Atlas Capital Advisors LLC increased its position in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new position in Caterpillar in the second quarter worth about $30,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Down 0.9 %

Shares of NYSE CAT opened at $354.68 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The business has a 50-day moving average price of $346.70 and a two-hundred day moving average price of $297.78. The firm has a market capitalization of $177.13 billion, a PE ratio of 17.61, a PEG ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $3.86 earnings per share. As a group, analysts predict that Caterpillar Inc. will post 21.41 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Citigroup increased their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. TD Cowen lifted their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. The Goldman Sachs Group boosted their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley initiated coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $307.56.

Insider Buying and Selling at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.